Day: May 18, 2025

The Ministry of Labour, in partnership with the German Agency for International Cooperation (GIZ Egypt), has launched the Labour Market Information Coordinating Observatory, marking a significant step toward institutionalising regional labour market observatories. The newly integrated observatory will operate within the Ministry’s framework, streamlining efforts to analyse and adapt to…

AL Ahly Momken, an Egyptian electronic payment solutions and financial technology company, has signed a strategic cooperation agreement with Post Distribution CO-PDC, a subsidiary of the National Postal Authority specialised in franchise branch management, to expand financial inclusion and digital transformation across Egypt’s governorates. The collaboration is aimed at establishing…

The Chairperson of Egypt’s Suez Canal Economic Zone (SCZone), Walid Gamal El-Din, met with a high-level delegation from China’s Guangdong Province, led by its Governor Wang Weizhong, to discuss enhancing joint cooperation, the SCZone announced in a statement. The purpose of the meeting was to explore collaboration in the industrial,…

Egypt plans to allocate EGP 700bn for total investments in human development in its FY 2025/26 plan, Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat said during a presentation to the Senate. Presenting the draft plan for economic and social development for the upcoming fiscal year, Al-Mashat stated…

Minister of Electricity and Renewable Energy Mohamed Shaker held a meeting with Ahmed El Sewedy, Chairperson of Elsewedy Electric, and his accompanying delegation to review ongoing and future areas of cooperation in Egypt’s power sector. The discussions focused on Elsewedy Electric’s progress in electricity generation, transmission, and distribution projects, particularly…

Hassan Abdallah, Governor of the Central Bank of Egypt (CBE), met with Nigel Clarke, Deputy Managing Director of the International Monetary Fund (IMF), during Clarke’s official visit to Cairo. The meeting, held at the CBE headquarters, focused on reviewing the latest developments in Egypt’s ongoing economic reform programme, implemented in…

Egyptian Prime Minister Mostafa Madbouly chaired a meeting on Sunday to follow up on the implementation of redevelopment plans for the former Imbaba Airport site and the Aziz Ezzat area in Giza. The meeting was attended by Minister of Housing, Utilities, and Urban Communities Sherif El-Sherbiny; Giza Governor Adel El-Naggar;…

Ebny Developments has announced the launch of Ebnyland, the first and largest international entertainment city in Upper Egypt. Located in New Sohag City, the groundbreaking project represents a major leap for the region’s tourism and leisure sector, with total investments exceeding $10m (around EGP 500m). Developed in partnership with leading…

HMD Developments has officially launched Velora Villa, a premium residential compound in New Zayed City, marking the company’s first expansion into West Cairo. Backed by a total investment of EGP 2bn, this project adds to HMD’s strong portfolio, built over more than two decades since its establishment in 2002. Spanning…